Core Insights - The company reported a revenue of 189.81 million yuan for the first half of the year, representing a year-on-year growth of 6.96% [1] - The overall gross profit margin increased to 38.94%, up by 10.02% year-on-year, while the gross profit margin for PCCP rose to 36.89%, reflecting a 12.57% increase [1] - The net profit attributable to shareholders was -25.28 million yuan, showing a year-on-year increase of 45.47% in losses [1] Financial Performance - Revenue: 189.81 million yuan, up 6.96% year-on-year [1] - Operating costs: 115.91 million yuan, down 8.12% year-on-year [1] - Overall gross profit margin: 38.94%, up 10.02% year-on-year [1] - PCCP gross profit margin: 36.89%, up 12.57% year-on-year [1] - Sales profit margin: -17.65%, up 8.47% year-on-year [1] Expense Analysis - Sales expenses: 1.43 million yuan, down 40.53% year-on-year [1] - Management expenses: 49.45 million yuan, up 18.66% year-on-year [1] - Financial expenses: 51.10 million yuan, up 0.18% year-on-year [1] Cash Flow and Debt - Net cash flow from operating activities decreased by 181.51% due to increased cash payments for purchased goods and services [1] - The total interest-bearing liabilities increased, leading to a rising asset-liability ratio as the PPP business continues to progress [1]

Core Viewpoint - Oriental Garden has successfully turned around its financial crisis and removed the delisting risk warning, achieving a significant increase in net assets and planning to develop new energy business as a growth point [2][5][7]. Financial Performance - Oriental Garden reported a net asset increase to 1.538 billion yuan in 2024, a year-on-year growth of 881.51% [6]. - The company's operating revenues for 2022, 2023, and 2024 were 3.409 billion yuan, 569 million yuan, and 877 million yuan respectively, while the net profits attributable to shareholders were -5.816 billion yuan, -5.083 billion yuan, and -3.603 billion yuan [6]. Stock Market Activity - On May 30, following the removal of the delisting risk warning, Oriental Garden's stock price hit the daily limit, closing at 2.37 yuan per share [3]. - The stock's trading name changed from "ST Dongyuan" to "Oriental Garden," and the daily price fluctuation limit was adjusted to 10% [3]. Restructuring and Recovery Measures - After being warned of delisting, Oriental Garden implemented four key measures to stabilize its operations, including leveraging resources for ecological projects, focusing on profitability in environmental business, promoting circular economy initiatives, and improving asset quality through debt relief strategies [5][6]. - The company successfully completed its restructuring plan, increasing its total share capital from approximately 2.685 billion shares to about 5.999 billion shares [6]. New Business Development - Oriental Garden plans to expand into the new energy sector, focusing on centralized and distributed energy project development and operation, as well as the securitization of new energy resources [7][8]. - The company aims to acquire new energy assets and collaborate with local governments in resource-rich areas to enhance its market presence [8].